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The 2007/2008 global financial crisis has reignited the debate regarding the need for effective corporate governance (CG) through sound risk management and reporting practices. This paper, therefore, examines the crucial question of whether the quality of firm-level CG has any effect on the...
Persistent link: https://www.econbiz.de/10013035407
The paper provides the IMF staff views on policy options to mitigate the risks posed by institutions perceived as too-important-to-fail (“TITF"). These institutions have become bigger and more complex since the crisis, and risky practices have started to reappear. The paper emphasizes the need...
Persistent link: https://www.econbiz.de/10013124367
We empirically examine financial institutions' motivations to take systematic bad-tail risk in the form of sponsorship of credit-arbitrage asset-backed commercial paper vehicles. A run on debt issued by such vehicles played a key role in causing and propagating the liquidity crisis that began in...
Persistent link: https://www.econbiz.de/10013083441
In this study, using the World Bank's Bank Regulation and Supervision Survey (BRSS) data, we draw insights about the bank regulatory/supervisory styles, illustrate the differences in regulation/supervision among crisis, non-crisis and BRICS countries, and highlight the ways in which bank...
Persistent link: https://www.econbiz.de/10013048004
The UBS- Credit Suisse (CS) merger in March 2023, one of the biggest banking unions in history, was an emergency rescue … deal engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. The merger resulted in a …
Persistent link: https://www.econbiz.de/10014349670
We study the legal provisions of 92 European systemic banks from 18 countries over the years 2008-2017. Since legal provisions may be viewed as a mechanism for disclosing information to capital markets, the creation of legal provisions is determined by the risk taken by the bank and the...
Persistent link: https://www.econbiz.de/10012833390
Failures of banks' governance and risk management functions have been identified as key causes of the 2007-2008 financial crisis. This article reviews the empirical literature that investigates the relationship between governance structures and risk management functions as well as their impact...
Persistent link: https://www.econbiz.de/10013012356
This study analyzes the effect that banks' investments in corporate social responsibility (CSR) have on bank performance. I find that banks' investments in CSR have a positive impact on financial performance, measured in terms of both accounting performance and stock market value. However, not...
Persistent link: https://www.econbiz.de/10012321121
efficiencies of banking sectors in the 27 European Union countries over the period 2004-2010 using the stochastic frontier analysis …-2009) appears to have a negative influence on both banking efficiency and stock performance …
Persistent link: https://www.econbiz.de/10013045257
This study examines cost and profit efficiencies of banking sectors in the 27 European Union countries over the period … insolvency, credit and liquidity risks affect banking efficiency during the world financial crisis (2007-2009) along with other … banking sectors in the old EU countries appear to be more cost efficient but less profit efficient than their counterparts in …
Persistent link: https://www.econbiz.de/10013045265